Rafferty Asset Management LLC Acquires Shares of 9,887 Flutter Entertainment plc (NYSE:FLUT)

Rafferty Asset Management LLC acquired a new stake in Flutter Entertainment plc (NYSE:FLUT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,887 shares of the company's stock, valued at approximately $2,555,000.

A number of other institutional investors have also recently bought and sold shares of FLUT. Harvest Fund Management Co. Ltd bought a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its holdings in shares of Flutter Entertainment by 585.7% during the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after acquiring an additional 82 shares during the period. BOCHK Asset Management Ltd bought a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Flutter Entertainment during the 4th quarter worth approximately $26,000. Finally, IFP Advisors Inc lifted its holdings in shares of Flutter Entertainment by 244.1% during the 4th quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after acquiring an additional 83 shares during the period.

Flutter Entertainment Trading Up 0.1%

FLUT opened at $249.16 on Tuesday. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $234.25 and a 200-day moving average of $254.45. The stock has a market cap of $44.02 billion and a PE ratio of 86.21.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.89 by ($0.30). Flutter Entertainment had a negative return on equity of 4.52% and a negative net margin of 6.86%. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same quarter last year, the company earned $0.10 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FLUT shares. Wells Fargo & Company upped their price objective on shares of Flutter Entertainment from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 5th. Benchmark reiterated a "buy" rating and set a $300.00 price objective on shares of Flutter Entertainment in a research report on Monday, April 21st. Truist Financial lowered their price objective on shares of Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Flutter Entertainment from $320.00 to $315.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Peel Hunt upgraded shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research report on Monday, March 10th. Twenty analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Flutter Entertainment presently has an average rating of "Buy" and an average target price of $306.28.

Insider Transactions at Flutter Entertainment

In other news, Director Jeremy Peter Jackson sold 25,027 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $261.96, for a total transaction of $6,556,072.92. Following the completion of the sale, the director now directly owns 21,148 shares in the company, valued at $5,539,930.08. This represents a 54.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amy Howe sold 2,315 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $243.50, for a total transaction of $563,702.50. Following the completion of the sale, the chief executive officer now owns 73,947 shares of the company's stock, valued at $18,006,094.50. The trade was a 3.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,156 shares of company stock worth $10,926,922 over the last three months.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.

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